productive labour
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Productive and unproductive labour — were concepts used in classical political economy mainly in the 18th and 19th century, which survive today to some extent in modern management discussions, economic sociology and Marxist or Marxian economic analysis. The concepts strongly… … Wikipedia
productive — adj. 1 of or engaged in the production of goods. 2 producing much (productive soil; a productive writer). 3 Econ. producing commodities of exchangeable value (productive labour). 4 (foll. by of) producing or giving rise to (productive of great… … Useful english dictionary
Productive forces — Productive forces, productive powers or forces of production [in German, Produktivkräfte ] is a central concept in Marxism and historical materialism. In Karl Marx and Frederick Engels s own critique of political economy, it refers to the… … Wikipedia
Labour power — (in German: Arbeitskraft , or labour force) is a crucial concept used by Karl Marx in his critique of capitalist political economy. He regarded labour power as the most important of the productive forces. Under capitalism, according to Marx, the… … Wikipedia
Labour productivity — is defined by the OECD to be the ratio of a volume measure of output to a volume measure of input OECD Manual: “Measuring Productivity; Measurement of Aggregate and Industry Level Productivity Growth.” (2002) Volume measures of output are… … Wikipedia
Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… … Wikipedia
Labour market flexibility — refers to the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.DefinitionIn the past, the most common definition of labour market flexibility was the neo liberal definition. This entailed the … Wikipedia
labour-intensive — ˌlabour inˈtensive , labor intensive adjective COMMERCE MANUFACTURING needing a lot of workers in order to produce something: • The company was using old, labour intensive production methods. • Whereas goods production can be automated, the… … Financial and business terms
Productive capacity — is a term used to define maximum possible output of an economy. According to UNCTAD, no agreed upon definition exists. UNCTAD itself proposes: the productive resources , entrepreneurial capabilities and production linkages which together… … Wikipedia
labour economics — Study of how workers are allocated among jobs, how their rates of pay are determined, and how their efficiency is affected by various factors. The labour force of a country includes all those who work for gain in any capacity as well as those who … Universalium
labour — /lay beuhr/, n., v.i., v.t., adj. Chiefly Brit. labor. Usage. See or1. * * * I In economics, the general body of wage earners. In classical economics, labour is one of the three factors of production, along with capital and land. Labour can also… … Universalium
